Bears reclaim domestic capital markets after a day in green

February 21, 2019 (MLN): Yesterday’s gains on trading floors were utterly short-lived as the bears redeemed themselves in today’s session and reversed the positive triggers, leading the benchmark index dangerously close to the 40,000 point yardstick which it had just managed to bypass in yesterday’s session.  

Today’s trade at KSE – 100 was concluded at 40, 070 points after a loss of 208 points caused by the Power Generation & Distribution Companies and Commercial Banks. The key drivers that navigated the index southwards were UBL (-5%), HUBC (-4.18%) and HBL (-3.04%).

During the day, KSE – 100 index travelled within the range of 534 points, touching an all-day high of 40,416 points and a low of 39,882 points.

In total, 76.3 million shares were traded within the index, at Rs.5.4 billion. Of all the companies whose shares were traded today, a total of 53 companies recorded decline in share prices.

On the other hand, the broader KSE All Share Index closed the day in consolidation having lost merely 83 points to land at a closing value of 29,019 points.

Within this index, 102.6 million shares were traded at over Rs.6 billion.

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